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prohojiy [21]
3 years ago
8

The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount

of brandon co.'s stockholders' equity? stockholders' equity
Business
2 answers:
yuradex [85]3 years ago
5 0
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
900,000 - 225,000 = 675,000
Allisa [31]3 years ago
4 0

Answer:

$675,000

Explanation:

Given the total assests of Brandon co. to be $900,000 and its liability is one fourth of its total asset, its liability will be equivalent to:

1/4 × $900,000

= $225,000

Total liability = $225,000

Total assets = $900,000

brandon co. stockholders' equity will be;

Total assets - total liability

= $900,000-$225,000

= $675,000

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Explanation:

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Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce
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Answer:

Fixed assets and equipment

Explanation:

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Assets can be categorized as :

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3. Tangible

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4 0
3 years ago
A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the
Serggg [28]

Answer:

The correct answer is letter "B": It is taking deposits and progress payments.

Explanation:

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8 0
3 years ago
Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bond
cricket20 [7]

Explanation:

The Journal entry is given below :-

Bonds payable                                      $2,000,000

      To common stock                          $1,000,000

      To Discount on common stock     $30,000

      To Paid in capital                            $970,000

The calculation of bonds payable, common stock is below:-

For bonds payable            

= 2,000 × $1,000

= $2,000,000

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= $970,000

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3 years ago
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Vsevolod [243]

Answer:

C. Business process improvement.

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This is the right answer.

Hope that helps.

6 0
3 years ago
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